Lachhman Das Mittal Latest News

Lachhman Das Mittal started a tractor company when he was 65. In the ensuing two decades he–along with two of his sons–built International Tractors Ltd. (ITL) into India’s third-largest such producer, with $660 million in revenues. At 84 he’s a ...

As most of India struggled over the last year, Lachhman Das Mittal of Sonalika Group joined the very elite club of people worth 10 figures as his net value bloated to more than $1 billion. The Sonalika Group makes its money selling tractors to farmers.

After knocking down a deal of $800 million with private equity firm Blackstone, Lachhman Das Mittal entered the riches club in the year 2012, with a net worth of $785 million. Before joining his family business of agricultural and farm equipments he worked ...

CHANDIGARH: Lachhman Das Mittal, Chairman of India’s 3rd largest tractor manufacturing company, Sonalika International Tractors Limited is ranked 46th in the list of Indian billionaires. This list appeared in the eminent forbes annual ranking of the ...

The founders led by chairman Lachhman Das Mittal, own the residual 70 per cent. The largest chunk that will be made available in the IPO will come as an offer for sale from Blackstone which is expected to make a partial exit of nearly half of its holding.